UDI will start building another 561 apartments in Warsaw as part of a project worth 3.5 billion crowns

Prague – The development company UDI Group will begin constructing the third phase of the Ursus Classic project in Warsaw, consisting of 561 apartments for nearly two billion crowns. This will be the final phase built on just under 31,000 square meters. This information comes from a press release from UDI and from company representatives, which is available to ČTK. The total investment in the entire Ursus Classic project is approximately 3.5 billion crowns. The second phase, which was the largest of the three construction parts, has now been completed.

The final phase of Ursus Classic will consist of four buildings. It will include underground garages and commercial spaces. The buildings will have seven to eight above-ground floors and will connect to the already completed first and second phases, where 386 apartments have already been created. The construction of the apartments is taking place on the site of a former tractor factory named Ursus.

According to UDI, the entire Ursus area is one of the largest development locations in Warsaw, where thousands of apartments have already been built. The architectural design of the project by UDI comes from the studio Kurylowicz & Associates. According to the developer, the design connects brick elements with modern materials. The project also includes the renovation of a listed entrance building and modifications to a large park. The general contractor for the construction is Hochtief, which executed the first phase of the project between 2021 and 2022. Work on the third phase will begin in June this year, with completion planned for the first half of 2029.

The international development group UDI Group, led by entrepreneur Radek Menšík, has its headquarters in the Czech Republic. In addition to the Czech Republic and Poland, it also operates in Serbia, Hungary, Panama, and Costa Rica. The group decided to build abroad primarily in the last decade. Menšík took over the company's leadership in 1996 after his father. The company previously constructed in larger cities in the Czech Republic and later expanded to Prague. Subsequently, Menšík decided to invest in the company and turn it into an international group with its current name, UDI Group.